S.Africa's business confidence dips to a 22-year low: survey

Mannequins from a clothing store are reflected on the window of a currency exchange, at the Victorian Alfred Waterfront, a popular shopping and entertainment complex, on January 11, 2014 in Cape Town, South AfricaBusiness confidence in South Africa has dipped to its lowest level since the end of apartheid on the back of an unstable currency and lower commodity prices, a survey showed Tuesday. The South African Chamber of Commerce and Industry’s Business Confidence Index in September fell to the lowest level since 1993, a year before the end of apartheid. Last month’s business confidence index “is the lowest level recorded since July 1993 and is a 22 year low,” said the group.

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